Personal finance
The European Court's decision in the Barber judgment of May 1990 established that pensions are pay and that different pension ages for men and women constitute sex discrimination, requiring employers to equalize pension ages for both sexes. As a result, the Department of Social Security (DSS) agreed to
Personal finance
Yesterday's rulings by the European Court have brought significant improvements to the lives of part-time workers in the UK. The court's decisions have clarified that part-time employees are entitled to the same benefits as their full-time colleagues in occupational pension schemes, including the right to claim
Personal finance
The scandal of occupational pensions has been brewing for decades, with the infamous Maxwell scandal being just one of the many cases of exploitation of employees' pension schemes. The Government's planned White Paper on regulatory reform is expected to outline proposals for stricter regulations on employers'
Personal finance
A recent ruling by the Court of Appeal in the UK has paved the way for divorcing couples to divide the spoils of personal pension plans, promoting greater fairness in divorce settlements. However, the imposition of fines on insurance companies, which often results in policyholders bearing the cost, highlights the
Personal finance
Concerns over the potential losses of individuals who were advised to leave their employer's pension scheme in favor of a personal pension have prompted the Securities and Investments Board (SIB) to issue two factsheets. The guides aim to provide clarity on the pension transfer process and the implications
Personal finance
Many pensioners who suffered significant cuts in their fortnightly allowances last month may be unaware that the Department of Social Security's (DSS) controversial method of assessing shares and managed investments is not the only problem. An incorrect listing of pensioners' investments in the DSS database has led
Banks (Finance)
The Bank of America has paid a significant amount to the Mirror newspaper pension trustees as part of a settlement related to its involvement with the late Robert Maxwell. This announcement is seen as a boost to efforts to settle similar cases out of court, preserving funds for pensioners. Meanwhile,
